eToro CEO Says Correction is Healthy, Platform Bets on Litecoin

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In the face of the market capitalization’s nine-month low, the CEO of multi-asset trading giant eToro has spoken positively about the mid-year correction and maintains that demand for Bitcoin has not declined. Making the comments in an exclusive interview with NewsBTC, Yoni Assia suggested that Bitcoin’s current bearish tone will lay the foundation for long-term growth across the cryptocurrency market. He stated: “In our view, the recent market correction is good for the long-term development of the market. Cryptoassets are still a relatively nascent market; emerging technologies like this often see swings in their value in the early days.” Related Article: Despite Recent Market Downturn, Coinbase CEO Brian Armstrong Remains Bullish Assia’s views have been echoed by a number of leading exchanges, many of whom have forecasted a more utopian market despite the recent downturn. Earlier this month, Coinbase CEO Brian Armstrong explained current price action as